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Thread: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

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    Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    The federal government has only reimbursed auto dealers for 2 percent of the claims they've submitted through the popular "cash for clunkers" program, a Pennsylvania congressman said, calling on the Obama administration to help speed up the process.

    Rep. Joe Sestak, D-Pa., called for "immediate action" to address the problem in a statement Sunday, after writing a letter to President Obama Saturday expressing his concerns.

    In the letter, Sestak said only 2 percent of claims have been paid and that four of every five applications have been "rejected for minor oversight."

    In recent days, auto dealers across the country have been complaining that the reimbursement payments are slow to process. And they said some of their applications were being rejected because of apparent procedural issues. The statistics Sestak cited suggest those complaints are not based on isolated incidents.

    Staffing could be one problem. According to sales data summarized by Transportation Department officials, dealers have submitted requests for rebates on 338,659 vehicles sold.

    But while Congress just expanded the $1 billion program by $2 billion, the Department of Transportation says a staff of just 225 people is reviewing those claims.
    Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says - Political News - FOXNews.com

    Cash for Clunkers is a floppage.
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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    Have you seen the videos on how they destroy the cars? Its pretty sad.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    So where did the $1 Billion go?

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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    Quote Originally Posted by celticlord View Post
    So where did the $1 Billion go?
    Check Mr Raines' pockets.
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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    The billion is prob'ly still "sitting" somewhere.

    There's a reason why the words govt and red-tape go together.
    I find no surprise that a govt program rejects items for procedural reasons or is slow to respond.
    I may be wrong.

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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    Quote Originally Posted by Simon W. Moon View Post
    The billion is prob'ly still "sitting" somewhere.

    There's a reason why the words govt and red-tape go together.
    I find no surprise that a govt program rejects items for procedural reasons or is slow to respond.
    Surely the government has the wherewithal to run a program like this efficiently. How hard can it be? Dealer takes car, sells new car to customer, gets cash from Uncle Sam? It's not like we're talking brain surgery here or anything.

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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    They should have implemented it as a tax credit rather than a voucher. But hey, the more bureaucracy the merrier right?

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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    Quote Originally Posted by celticlord View Post
    So where did the $1 Billion go?
    We are talking about the same Administration that has given 75$ billion to banks as part of the "making homes affordable act" which was suppose to help 4 million homeowners with mortgages...Instead the banks pocketed most of the money and helped only a small portion of those in need of help.
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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    Quote Originally Posted by Kernel Sanders View Post
    They should have implemented it as a tax credit rather than a voucher. But hey, the more bureaucracy the merrier right?
    Questionable. The way they did it keeps $4,500 now in the pocket of the consumer while increasing demand for new cars. A tax credit would in April 2010 result in $4,500 in the pocket of the consumer. Not exactly timely. There's no disputing that the sale of new cars is significently up and up on more efficient vehicles. The real question is how long this will last.

    Interestingly enough, the article does cite staffing as a concern. The same reason why the IRS has severely curtailed audits on tax evaders and the same reason why the SEC never caught Madoff. Not enough staff to the do the job well. We complain when staffing at private firms is low, why not with its the government?

    Hmmm. 1,505 applications per person. Let's say they take 20 minutes to complete and mail. That's 501 hours. Divide that by 8 hour days and it's over 2 months to process them. And the number of applications are rising.

    This is hardly as MrVicchio calls "a floppage." More of issues of staffing. The goal was to remove inefficient vehicles and to stimulate demand for new vehicles. Who is going to argue that it has failed there?
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    Re: Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says

    Quote Originally Posted by celticlord View Post
    So where did the $1 Billion go?
    Probably sitting in an account allocated towards rebates. I suspect they are likely allocating amounts based on raw applications and thus have run out of freely allocatable money. 338,659 applications at a bit under $3,000 a piece is $1 billion.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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